* India MPC member Dholakia says RBI’s forecast of CPI headline inflation rate obtained by assessment of commodity groups in CPI basket for end of March 2017 is about 5% with some upside risks - cenbank minutes

* India MPC member Dua says “ growth in ECRI’s Indian leading exports index, a harbinger of India’s exports growth, was also in a decisive cyclical upturn” - cenbank minutes

* India MPC member Ghate says “paramount concern at this juncture has to do with the stickiness of inflation excluding food and fuel” - cenbank minutes

* India MPC member Dholakia says given the recent developments on sbns and related policies, “banking sector is likely to be flooded with liquidity for some time to come” - cenbank minutes

* India MPC member Dholakia says “both external and domestic economic environments are currently impacted by some unique uncertainties as pointed out in the resolution of the committee”- cenbank minutes

* India MPC member Ghate says committee should now focus on mid-point of medium-term inflation target of 4 +/- 2 percent given the lags associated with transmission of monetary policy - cenbank minutes

* India MPC member Dua says “on basis of Indian leading indices produced by ECRI, it can be inferred that the Indian economy was in a resilient state ahead of the decision to withdraw SBNs” - cenbank minutes

* India MPC member Dua says “with a cumulative reduction in the policy rate by 175 basis points since January 2015, conditions are conducive for further transmission to lending rates by banks” - cenbank minutes

* India MPC member Dholakia says “my own point forecast based on a more aggregative econometric model is lower” - cenbank minutes

* India cenbank chief Patel says uncertainty likely to get accentuated in the coming year as us macroeconomic and trade policies realign - MPC minutes